20767 Chicken Springs Rd
Redding, CA 96003
$489,900
4 bd · 3.5 ba · 2,294 sqft · Listed 1d ago
View on Realtor.com →Year built
1985
Sqft
2,294
Lot sqft
98,881
HOA / mo
None
Furnished
No
List date
2026-10-05T17:08:55.000000Z
Revenue
Annual revenue
$36,517
ADR
$236
Occupancy
42%
Cleaning fees (12 mo)
$4,805
Confidence
Low (23.29), 7 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $28,959Checking amenities for 6 listings…
Bear Mountain Retreat House
House · 5 bd · 3.5 ba · sleeps 13 · 1.6 mi
Revenue $41,685ADR $664Occ ≈ 17%5★ (8)
The Shed on Sunrise
House · 4 bd · 3 ba · sleeps 8 · 1.9 mi
Revenue $19,669ADR $190Occ ≈ 28%4.8★ (19)
The Shed On Sunrise
Vacation home · 5 bd · 3 ba · sleeps 6 · 1.9 mi
Revenue $16,054ADR $277Occ ≈ 16%4.8★ (3)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Romantic Farmhouse 10 min. to Shasta Lake . House | 3 bd · 2 ba · sleeps 9 | $544 | $272 | 1% | 4.5★ (6) | 1.6 mi | AirbnbVrbo |
Redding Retreat Ranch House | 3 bd · 2.5 ba · sleeps 10 | $78,626 | $517 | 42% | 4.9★ (224) | 1.6 mi | AirbnbVrbo |
Hot Tub, Dog-Friendly Yard! 3-Acre Redding Retreat House | 3 bd · 2 ba · sleeps 9 | $45,741 | $239 | 52% | 4.7★ (22) | 1.6 mi | AirbnbVrboBooking |
Bear Mountain Retreat House House | 5 bd · 3.5 ba · sleeps 13 | $41,685 | $664 | 17% | 5★ (8) | 1.6 mi | Airbnb |
The Shed on Sunrise House | 4 bd · 3 ba · sleeps 8 | $19,669 | $190 | 28% | 4.8★ (19) | 1.9 mi | Airbnb |
The Shed On Sunrise Vacation home | 5 bd · 3 ba · sleeps 6 | $16,054 | $277 | 16% | 4.8★ (3) | 1.9 mi | Booking |
‘Mtn Gate Guest House’ ~ 6 Mi to Shasta Lake! House | 3 bd · 2 ba · sleeps 5 | $28,959 | $212 | 37% | 5★ (43) | 2.1 mi | AirbnbVrboBooking |
Revenue and nightly rate (ADR) are trailing-12-month figures per listing. Occupancy is estimated as revenue ÷ ADR ÷ 365 and can read high when revenue includes cleaning fees.
Cash flow calculator
Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium
Est. revenue
$36,517
NOI
$13,837
Cash flow /mo
-$1,551
Cash needed
$165,071
Cash-on-cash
-11.3%
ROE (yr 1)
-0.5%
Cap rate
2.8%
DSCR
0.43
Year-1 write-off
$115,708
Year-1 tax shield @ 32%
$37,027
Year-1 return on equity
- Cash flow (annual)-$18,607
- Principal paydown$3,051
- Appreciation at%$14,697
Tax savings aren't counted. Turn on “Count tax savings in returns” above if you can use the losses.
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$7,303
- Platform fees (3% of revenue)$1,096
- Maintenance / capex (5% of revenue)$1,826
- Utilities & supplies$4,200
- HOA$0
- Property tax$6,124
- Insurance (STR-rated)$2,866
Cash needed to close
- Down payment (25%)$122,475
- Closing costs (4.0%)$19,596
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$37,027
Property tax, insurance rate and the land/building split come from this listing's county tax record; other assumptions match the daily feed (see tasks/plan.md).
The write-off comes from the cost segregation estimate below. Not tax advice.
Cost segregation estimate
An estimate from the listing: every part of the home is priced from national construction costs, less wear for age, and the price (less land) is spread over the parts in proportion. The headline is what a typical cost seg study would claim for this property. The answers below are optional refinements.
Depreciable basis
$386,000
Short-life (5/15-yr)
$92,000 · 24%
Year-1 deduction
$116,000
Year-1 tax shield @ 32%
$37,000
Land 21% (county tax record, assessed value split) · building $294,000 over 39 years · new furniture $23,000
Based on: 2,294 sq ft, built 1985, 4 bd / 3.5 ba, unfurnished, listing features (deck, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $67,000 in year 1 (11% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,200
Kitchen cabinetsdefault
$10,800 new × 40% good × 2.12 allocation
- $7,500
Kitchen countertopsdefault
$8,900 new × 40% good × 2.12 allocation
- $3,400
Decorative trimdefault
$4,000 new × 40% good × 2.12 allocation
- $400
Mirrorsdefault
$500 new × 40% good × 2.12 allocation
- $1,300
Shelvingdefault
$1,500 new × 40% good × 2.12 allocation
- $4,900
Window coverings (23)default
$5,800 new × 40% good × 2.12 allocation
- $8,300
Carpet, vinyl & laminate (67% of floors)listing
$9,800 new × 40% good × 2.12 allocation
- $7,100
Kitchen & laundry equipment plumbingdefault
$8,400 new × 40% good × 2.12 allocation
- $4,300
Kitchen, laundry & data equipment electricaldefault
$5,100 new × 40% good × 2.12 allocation
- $3,000
Appliances (range, microwave, dishwasher)listing
$3,500 new × 40% good × 2.12 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $3,200
Paving: driveway & walks (gravel)listing
$3,000 new × 50% good × 2.12 allocation
- $10,100
Landscaping (typical)default
$9,600 new × 50% good × 2.12 allocation
- $2,400
Patiosdefault
$2,300 new × 50% good × 2.12 allocation
- $27,300
Decks & porches (attached)listing
$25,800 new × 50% good × 2.12 allocation
- $210,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$248,700 new × 40% good × 2.12 allocation
- $21,900
Building plumbing & fixturesdefault
$25,800 new × 40% good × 2.12 allocation
- $22,300
Building electrical & lightingdefault
$26,400 new × 40% good × 2.12 allocation
- $21,900
HVACdefault
$25,800 new × 40% good × 2.12 allocation
- $4,200
Hardwood & tile floorsdefault
$4,900 new × 40% good × 2.12 allocation
- $12,700
Septic systemlisting
$12,000 new × 50% good × 2.12 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $72,400 | $43,000 | $300 | $115,700 |
| 2 | $0 | $0 | $7,500 | $7,500 |
| 3 | $0 | $0 | $7,500 | $7,500 |
| 4 | $0 | $0 | $7,500 | $7,500 |
| 5 | $0 | $0 | $7,500 | $7,500 |
| 6+ | $0 | $0 | $263,400 | $263,400 |
| Total | $72,400 | $43,000 | $293,800 | $409,200 |
Model-based estimate, not an engineered cost segregation study. The IRS doesn’t approve studies; get a professional study before filing. Using these losses against W-2 income needs the short-term rental exception (average stay ≤7 days + material participation). The 39-year building life applies because stays average under 30 days, a separate test (27.5 years for a long-term rental). Federal only: California, Georgia and Wisconsin disallow bonus depreciation, Ohio adds back 5/6 of it, and Tennessee has no personal income tax. Not tax advice.
Market note
Rules differ by jurisdiction. City of Redding caps whole-home vacation rentals at 400 with a 600 ft spacing rule (300 ft with a physical buffer), and its permit is NOT transferable to a new owner. Shasta Lake city and unincorporated Shasta County allow permitted rentals with no cap found, but permits also do not transfer on sale. Lodging tax ~10% plus a 2% tourism assessment in Redding. Verify parcel eligibility with the city or county before you buy.